What this calculator shows you
- Earnings Calculation
- Calculate interest earned
- Term Comparison
- Compare different terms
- APY Analysis
- Understand annual yield
- CD Ladder
- Plan a CD ladder strategy
How CDs Work
CDs lock your money for a fixed term (3 months to 5 years) in exchange for higher rates than savings accounts. Early withdrawal typically incurs penalties. FDIC insured up to $250,000.
CD Laddering
A CD ladder spreads money across multiple terms. As each matures, reinvest in the longest term. This provides regular access to funds while capturing higher long-term rates.
Questions people ask
Are CDs worth it right now?
Check current rates first: the FDIC national average for a 12-month CD was 1.76% in October 2026, and top banks pay more. CDs make sense for money you will not need for a fixed period. For shorter-term or uncertain needs, high-yield savings offers more flexibility, often at a similar rate.
Education only, not personalized financial, tax or investment advice. Results are estimates based on the numbers you enter; real returns vary and losses happen.